Lakshmi Vilas Bank receives downgrade in ratings for Tier II Bonds

From Brickwork Ratings India

Lakshmi Vilas Bank announced that Brickwork Ratings India has downgraded the rating from "BWR BB+" (Credit Watch with Developing Implications) to "BWR B+" (Credit Watch with Negative Implications) for the bank's Unsecured Redeemable Non-Convertible Subordinated Lower Tier II Bonds - Series VII (Option B) of Rs.50.50 crore.

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